core sector communique

Union Finance Minister Conveys his Felicitations to Ms. Chritine Lagaarde on Her Selection as Managing Director of International Monetary Fund 

The Union Finance Minister Shri Pranab Mukherjee has conveyed his felicitations and good wishes to French Finance Minister Ms. Christine Lagaarde on her selection by consensus as Managing Director of the International Monetary Fund (IMF). In a letter to French Finance Minister Ms. Lagaarde, the Union Finance Minister Shri Mukherjee said that this reflects the high regard in which she is being held by the different countries of the world at large. Shri Mukherjee said that there is expectation that, under her leadership, the IMF will deal effectively and fairly with the serious challenges which confront the global economy. He said that a robust and sustained global economic recovery is a priority for all of us, as is the task of carrying forward the process of reform to ensure that emerging economies have a greater voice in the decision making processes of the IMF. Shri Mukherjee said that the Government of India looks forward to working closely with her in her new assignment.